SERVICES

We can guide you through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our knowledge, analysis and thorough research on the ever changing tax laws can assist you in your personal finances and your business.

Our focus is on long term client relationships. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the day to day challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new strategies and procedures that take advantage of changes in the marketplace, accounting standards, and tax laws.

Financial  institutions, investors, bonding companies, regulators, etc. often require individuals, businesses, and nonprofits to provide financial statements that have been audited, reviewed, or compiled by a Certified Public Accountant.  These assurance services provide users with an increased level of confidence in your financial statements.  We provide all three levels of service.

• Audit: The objective of an audit is to express an opinion about whether the financial statements are fairly presented in conformity with the applicable financial reporting framework that is used by the entity.
• Review:  A review engagement involves performing procedures (primarily analytical procedures and inquiries) that will prove a reasonable basis for obtaining limited assurance that there are not material modifications that should be made to the financial statements for them to be in conformity with the applicable financial reporting framework.
• Compilation:  A compilation engagement involves assisting management in presenting finacial information (consisting of management’s representations) in the form of financial statements, without providing any assurance on those financial statements.  Accountants are not required to make inquiries or perform other procedures to corroborate the accuracy of completeness of the information supplied by management.

An agreed – upon procedures (AUP) engagement is one in which a CPA is engaged by a client to issue a report of findings based on specific procedures agreed upon by the client to be performed on a subject matter.

Estate and trust planning can ensure financial security for loved ones. For business, it can maintain a smooth succession of ownership. Our role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability to your beneficiaries. Everyone should have a carefully developed plan as to how to distribute the assets left in one’s estate so as to avoid complications and legal costs.

Our accounting services assist you in reaching your goal of accurate record keeping and reporting.  We are able to assist you in initial accounting system setup, bookkeeping (monthly, quarterly, or annually), general ledger maintenance, payroll processing, cash flow budgeting, sales tax reporting, financial statement preparation, personal financial statement preparation, corporate and personal tax planning, and tax return preparation.

Business transactions and transitions are complicated issues. Whether you are buying, selling or considering a potential merger we can assist you with this process. Careful analysis, verifying the most favorable tax structures, evaluation of financial and cash flow impacts are all items that the Schafer Group can provide assistance to you to make the right business decisions for your optimum success.

We can help you setup your new business. Our services include, but are not limited to, assisting you in selecting the appropriate business structure, preparing initial permits, choosing, installing and setting up your accounting software, determining your cash flow needs, and budgeting.